This chemical is primarily utilized in organic synthesis, particularly in the preparation of complex molecules and pharmaceutical intermediates. It serves as a versatile building block in the creation of amino acid derivatives and peptide mimetics, which are essential in drug development. The presence of both an amino group and an ester functionality allows for further chemical modifications, making it valuable in the synthesis of biologically active compounds. Additionally, it is employed in the production of specialty chemicals and fine chemicals used in various industrial applications. Its reactivity and structural features make it a useful component in the design and synthesis of novel materials and therapeutic agents.